$1 Million Award to Create Washtenaw County, Mich., Incubator
30 Jan, 2013
Ann Arbor SPARK was awarded $1 million from the Michigan Strategic Fund to support its business incubator activities via the creation of the new Washtenaw County Incubator Collaborative. The Michigan Strategic Fund award is designed to stimulate the creation and continued growth of technology-based businesses and jobs.
“The $1 million, which is matched by a $722,500 contribution from WCIC partners, will be used over two years to address two challenges to the Ann Arbor entrepreneurial ecosystem: How to increase collaboration between incubators and bridge funding gaps for businesses in tech-based, high-growth potential industries,” explains Paul Krutko, president and CEO, Ann Arbor SPARK. “This award enables Ann Arbor SPARK and its WCIC partners to provide companies and entrepreneurs with access to critical services that catalyze revenue growth, job creation and new investment.”
Illustration by at Free Digital Photos.net
Compiled from blog post.